Santa Ana Group
Update on Santa Ana GroupThis is the "Santa Ana" group, made up of six enterprising people who are very creative when it comes to business. Amanda is 56 years old and a mother to seven children. For three years she has been making a living selling vegetables (potatoes) in a small market. She tells us that her customers are loyal, thus she earns a profit to cover household costs. In the future Amanda would like to have her own premises where she can sell her vegetables and so earn higher profits. With this loan, Amanda will invest in buying more products (pumpkin, carrots, radish, potatoes, and more) and then will be able to prosper. Amanda and all the other members of the group are grateful to Kiva and Edaprospo for this loan and for the trust that they are being given. In the photo, Amanda is the first on the left, wearing a black jacket. Amanda promises that she achieve all her proposed targets.
Previous Loan DetailsThis group is made up of 8 people. They are responsible for different commercial activities. All of them live in the district of Vitarte. They are the members of the “Santa Ana ” communal bank. One of them is Neilly. He is 32, single and has no children. Neilly has worked for 5 years selling bre... More from Santa Ana Group's previous loan »
About EDAPROSPOEDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
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Success!! The loan was 100% repaid